crowdsale

crowdsale

A type of crowdfunding that issues tokens (electronic records) that are stored on the user's device. The tokens can function like a share of stock and be bought and sold ("equity tokens"), or they can pay for services when the service is up and running ("user tokens"). The crowdsale may also issue tokens as a short term loan ("debt tokens") that are repaid with interest. See cryptocurrency and crowdfunding.

As a part of its crowdsale, Cajutel has authorized the creation of an additional 780,000 shares, of which 720,000 will be offered for sale to the ICO participants and the rest 60,000 will be allocated for bounties and to cover advertisement costs.

The added finance will bring the total backing raised by Israeli firm Decentralized Mobile Applications Ltd , after a effective crowdsale brought in $600,000 USD from the sale of Gemz, a crypto-token issued on the Bitcoin block chain via the Counterparty protocol.

com)-- Coinvest, an emerging startup comprised of Microsoft alumni, is announcing that it will offer a crowdsale of $30 million in COIN tokens to seed the a decentralized stock market for cryptocurrencies, built on blockchain technology.

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